Forex reserves up by $128 million

KARACHI:- The total liquid foreign reserves held by the country stood at $20,834.2 million on May 6, 2016.The break-up of the foreign reserves position released on Thursday showed that foreign reserves held by the State Bank of Pakistan stood at $16,032.7 million while net foreign reserves held by commercial banks are $4,801.5 million. During the week ending May 6, SBP’s liquid FX reserves increased by $128 million to $16,033 million, compared to $15,905 million in the previous week.-Staff Reporter